FORWARD AIR CORP — Director's Dealing 2023

Feb 10, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORWARD AIR CORP (FWRD)
CIK: 0000912728
Period of Report: 2023-02-07

Reporting Person: RUBLE CHRIS C (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-07	Common Stock	A	3032	—	Acquired	26399.4365	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-07	Stock Option (Right to Buy)	$115.42	A	4702	Acquired	2030-02-07	Common Stock (4702.0)	Direct

Footnotes

F1: Represents an award of restricted stock. The restricted stock vests in equal installments on February 7, 2024, February 7, 2025, and February 7, 2026.

F2: Includes 15.707312 shares of the Issuer's common stock purchased under the Forward Air Employee Stock Purchase Plan on June 30, 2022 and 15.81220 shares of the Issuer's common stock on December 31, 2022 in an exempt transaction.

F3: These options vest in equal installments on February 7, 2024, February 7, 2025 and February 7, 2026.